Score
Spring
China|2-5 years| https://www.springinforex.com/
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No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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Spring Inc.
Spring
China
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | 100 USD |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | 5000 USD |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Spring · Company Summary
Since Springs official website (https://www.springinforex.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Registered in Hong Kong, Spring (or “Spring Forex”) presents itself as a forex and CFD broker offering its clients access to a series of trading instruments through the advanced MT5 trading platform. With the Spring platform, there are two trading accounts are on offer: STP and ECN, and the minimum deposit to trade with this broker is $100.
Spring is operated by a company named Spring Inc. a company registered in Hong Kong. However, this company does not hold any regulatory license to show that it operates legally.
Account Types
Two trading accounts are on offer: STP Standard and ECN Expert. To open a standard account, an acceptable deposit of $100 is all you need, and this types account is suitable for all types of traders. To open an ECN account, the requirement become much higher, asking for $5,000.
Leverage
Problematically, Spring allows its clients to use the maximum trading leverage up to 1:400, which is much higher than most regulatory authorities restriction on leverage, with the maximum leverage for major pairs up to 1:30 in Europe and Australia, 1:50 in Canada and U. S.
Since leverage can magnify gains well as losses, it is wise for beginners to choose a smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
When it comes to trading platform available, Spring forex offers its clients the industry-leading MT5 trading platform, featuring powerful charting package, user-friendly interface, as well as EA supported for traders to automate trading during all sessions.
Customer Support
Worryingly, traders with inquiries or trading-related issues can only get in touch with Spring through the following emails:
CS@SPRING-MARKETS.COM
CS@SPRINGINFOREX.COM
Other more direct contact channels, like telephone, Whatsapp, are not available.
Negative Reviews
Many traders complaint that they were defrauded by Spring for being unable to withdraw their deposited money, which means this Spring is a platform full of negative reviews, please be aware of the risk. Come to WikiFX to see the whole story.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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